Updated over 3 years ago on .
Olivia Building Historic Renovation
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $5,000
Cash invested: $300,000
The Olivia Building was built in 1906 and stood as the pinnacle of high society living during the mining boom days of Joplin. in December of 2020 a fire tore through the building leaving it in peril of being demolished. We stepped in and worked on a deal with the city to give us the building and finances for a new roof. After the required demolition and the building of a new roof, we are well on the way to reopening the building's 34 units. and securing $2,000,000 in tax credits.
